Bitcoin Forum

After this bitfinex hack...I decided it was time for cold storage...I had a lot of bitcoins sitting on coinbase wallet...I set up trezor this morning and moved my bitcoin....easy to setup and use...now I can relax.I will just use coinbase to buy and sell bitcoins but not to store bitcoins.

Is Trezor compatible with IMac?

Sounds like Breadwallet but in an iPhone, in concept.  Better or worse?

I have a keepkey. I like it.

What have you worked out for storing your recovery seed? A safe deposit box at a bank doesn't seem secure anymore and I'd like a copy of it that does not rely on technology.

Overall tho I like my hardware wallet.

that was a great choice, i use it all the time and i have never had any problems, it is the best way to store your bitcoins if you are going to hold for a long time

I have some questions about Trezor and KeepKey. Siince you are more informed than me i hope you can answer.
Are they any reports where Bitcoins where stolen/hacked from a Trezor or KeepKey?
Can i store more than just Bitcoin on them? I mean altcoins like ETH for example.
Can i have more than i wallet stored on them, i a way that they operate totally independent with no traceable links between them? Or would i need 2 devices for that?

it is an good decision to save the bitcoin on cold storage , i also would like save it on cold storage , i believe that will be the safer than keeping it on online wallet . because online wallet sites should adopt more security features on their sites.

in theory, trezor is not like a breadwallet  but it is a type of hardware wallet . you have to buy it from an online shop but it is not so cheap. but the best thing is trezor  wallet stores your coins in an offline environment so that no hacker can take control over your wallet. @op, you have taken a  very good step.
no and believe me, you will never read any such reports. because hardware wallets are the most secured wallets unlike others.
trezor can be used to store litecoins and dash. it is compatible with altcoins but the coin developers should integrate the support.
you can store more than one address  in your trezor wallet.

you made the best purchase you can do ! simply Trezor worth its money and the team behind is super active! keep an eye on hack-athlon on september!! Love my trezor also
happy btc stashing!  8)

We hve told you this as often as possible on almost every platform you can follow and talk about Bitcoin.
Never ever store your coins on an exchange or with a service when you are not in control of the keys!!
Finex is just one of many hacks and breaches which had happened before with almost every other exchange.
Keep the majority of your coins in cold storage!
Trezor, Keepkey, Ledger are the most known devices you could use for that.And they are absolutely worth a buy!!

I also want to keep them in cold storage and it may be a good decision to save BTC in cold storage . I believes that it would be safer than store them in an online wallet for online wallet should adopt more security features profiles on them .

finally I saw someone who came to his senses :)

I have always been saying that you should always move to a cold storage if you have even more than 1BTC and if you have more than a couple bitcoins then you have to buy a hardware wallet and move your funds there.

better safe than sorry!

I want one of these so bad! Would prefer the keep key I think, but this would ease my mind (although intellectually I understand this could be done with paper wallets for cheaper ;) ). I see the cost came down quite a bit since this debuted.

i have never tried it, i only did some paper wallets and nothing else yet, though im pretty sure i will do it in the near future because there are a lot of risks for it

I think this is needed for everybody too do now.
I will do this too because I don't want any of my bitcoins comprised either! >:(

though hardware wallets are the most secure way to secure your funds compared to other digital methods. still be cautious about your usage.

when plugging it in on different devices and it loads the user interface (website/electrum) be skeptical if the website is saying 'something went wrong/device corrupt, please type in your seed'.
check the website is not a phishing tool trying to grab your seed. if your device is connecting to electrum, check that the "plugins" and versions of electrum have not be hijacked before typing in the seed.

nothing is perfect but hardware wallets are getting better and are a great way to store coins offline while remaining easier to manage than a paper wallet. but still be cautious

I would rather use hardware instead of storing anything on a soft wallet. There is more a possibility of it being hacked or keylogged and what ever those people do to get your password.
With a hardware wallet you have that sense of security because it is a tangible item and you don't need to have it connected to the internet to use it. So that right there is an instant approval by me to promote using a hardware wallet instead. :)

trezor is too damn expensive for the security it offers.
that is why i guess it is only good for bitcoin-rich people.

right!
what about a offline usb stick with the key on it? And after you use it just make a new address.

Good job! Never go back to holding anything you care about on an exchange contact that you'll need to at this point obviously). I personally like paper wallets because they're cheap (and I'm cheap  :-*, so it was an obvious fit) and you can hide them anywhere (like in a little barrel around your dog's neck, or under the wing of a plane).

If you don;t have enough bitcoin to justify buying a hardware wallet like trezor then you are probabaly ok to store your coins in a more convinent place like blockchain.info. Yea the security is not as good(even though its preety good for a website) but security measures you take should be proportional to the amount you want to store.

Yes. Without much bitcoin then it does not justify investing into a wallet like this.
Those that have more than what this wallet is worth are the ones who should be contemplating if they should purchase this one or the other alternatives.
Which ever one fits their needs really is the one they should choose in getting.

better yet, use a paper wallet for storing bitcon for a long time.
and use Electrum on an offline computer if you want to spend the coins easier but still keep things offline.

how do i make a transaction with electrum on an ofline pc? thx

That's a cool move for your, putting our bitcoin in possible most secure place is a must.  What happen to bitfinex recently reminds us that no matter how confident we are in site services there is no assurance that all our investment will safe from being  lost during hacking.